A loan backed by something held as collateral. You can get your item(s) back for the amount borrowed plus interest, or keep the money and we keep the collateral.

• State ID: Non-Expired Drivers License, Passport…
• Collateral: An item of value we agree to accept and hold against your loan. Gold & Silver are golden here, other items we may or may not be interested in.

• On Precious Metals & Jewelry: About half of the melt value, value may be added for diamonds of value, smaller, low grade diamonds are worth gold weight.

• On Other Categories: About one third of the market value.

On a pawn, assuming there was the full 4 months of interest on it, we need you to have incentive to pick up your items. Meaning that after 4 months, your item needs to end up costing less than market value to help ensure that it is picked up. Our money is obligated to be tied up for up to 4 months by NYS law, no exceptions. Even when buying outright for the purpose of reselling, we don’t pay what we’d sell it for, because we need to make money

4 Months. If within the 4 month window, no money is due until you pick up your pawn. If you need more time, you can pay off the full 4 months interest, and extend it another 4 months.

The more you borrow & the longer you take to pay the loan back, the more the interest will be. It is a fixed, monthly finance fee on the loan, it does not compound.